All News articles – Page 191
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Field questions Thomas Cook trustee attempts to secure funding
On the go: Following the collapse of Thomas Cook, the chair of the Work and Pensions Committee Frank Field MP has probed the chair of the airline’s pension scheme trustee board on several issues.
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Electricals scheme agrees UK’s largest ever buyout deal
On the go: Rothesay Life has agreed the largest buyout ever undertaken in the UK, with £4.7bn of assets and liabilities transferring to it from the GEC 1972 Plan.
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PPF increases levy estimate by 8%
On the go: The Pension Protection Fund has raised the levy it charges employers sponsoring defined benefit schemes, as worsening underfunding and declining gilt yields take their toll on the sector.
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Retirees emptying their pots at record rates
On the go: Retirees are withdrawing funds from their pension pots at unsustainable levels, according to the Financial Conduct Authority’s latest retirement data bulletinpublished today.
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ONS: Life expectancy edges up
On the go: Life expectancy in the UK has resumed its gradual increase after appearing to flatline last year, according to the Office for National Statistics.
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Workplace DC ‘should favour venture capital despite risks’
On the go: Workplace savers may be missing out on opportunities for better returns if their pension schemes avoid venture capital, a report published on Wednesday has claimed.
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Maps appoints 10 dashboard steering group members
On the go: The Money and Pensions Service has named 10 steering group members to represent consumers, fintech, financial services, and the pensions sector to drive forward delivery of the pensions dashboard.
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Now Pensions among four new authorised master trusts
On the go: The Pensions Regulator has authorised a further four master trusts to continue operating in the defined contribution market, including the once embattled provider Now Pensions.
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NewsLGPS 2019 valuation to see new pressures on affordability
Addressing a room of stakeholders in the Local Government Pension Scheme, Jeff Houston has some good news and some bad news on the scheme’s 2019 valuation.
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Thomas Cook scheme set for PPF assessment after airline collapse
On the go: The overnight insolvency of airline Thomas Cook means members of its defined benefit pension scheme are set to transfer into the Pension Protection Fund’s assessment period.
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One in five asset management mandates highly unsatisfactory
A worrying number of trustees are unhappy with the service provided to them by their asset managers, new figures have revealed.
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Skeleton staff levels pose hidden dangers for pension funds
On the go: Smaller pension schemes may be underestimating the risks posed to their funds by trustee governance gaps and over-reliance on key individuals.
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GMP compensation could cost members thousands in extra tax
On the go: Inadvertent action by an employer or pension scheme to compensate scheme members for inequalities in guaranteed minimum pensions could invalidate longstanding protection from onerous tax burdens, landing wealthy pensioners with tax bills of hundreds of thousands of pounds.
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Mercer adds diversity to manager selection criteria
On the go: Investment consultancy Mercer's manager selection team is to downgrade fund managers whose teams lack diversity, after it published a paper questioning less-diverse groups’ ability to avoid groupthink.
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Tate & Lyle completes £930m buy-in with L&G
On the go: The Tate & Lyle Pension Scheme has completed a £930m buy-in with Legal & General Assurance Society.
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Schemes missing £1.2bn ESG-led member engagement opportunity
Communicating the good that trustees’ investment decisions do in the world could motivate younger workers to increase their pension contributions by £1.2bn a year, new research has found.
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NewsNew consultation fails to address NHS clinician concerns
Doctors believe a new consultation offering greater pension flexibilities is not enough to stop them refusing extra shifts in the hard-pressed National Health Service, as experts demand an overhaul of the entire pensions tax system.
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LGPS urged to drop active managers for cheaper passive alternatives
On the go: Local authority funds are coming under increasing pressure from the government to switch their active holdings to passive investments.
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Nine out of 10 trustees ready for new SRI regime
On the go: Trustees are universally well prepared for the new responsible investment regulations that come into force on October 1, with an astonishing 96 per cent saying they are up to speed.
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Nest improves member options for passing on pension pots
On the go: Master trust Nest has introduced a death benefit option to give members greater choice about how their pension pots are passed on after death.